What is profit maximizing price for newspaper

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Reference no: EM131107421

Q = 12S1/2P-2. Q is number of newspapers sold and S is number of inches of news printed. The cost of reporting S units is $10S. The cost of printing one copy of the newspaper is $0.08, so the total cost of Q = $10S + .08Q. Using fact that MR = P(1+1/price elasticity), what is profit maximizing price for newspaper? Don't use dollar sign.

Reference no: EM131107421

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